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Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
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CAC 40 Moderately Higher; Thales Up Sharply

CAC 40 Moderately Higher; Thales Up Sharply

French stocks are up in positive territory Monday morning, led by gains in defense shares, amid prospects of increased defense spending following European leaders echoing recent views of the U.K. about increasing spending for the sector.
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DAX Rise 1.25% As Defense Stocks Rally

DAX Rise 1.25% As Defense Stocks Rally

German stocks are up firmly in positive territory Monday morning, outperforming peers from the region, thanks to hectic buying in defense stocks on reports the Christian Democratic Union (CDU) and their prospective coalition partner/partners, are considering setting up two special funds for defense and infrastructure investments.
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U.S. Dollar Falls Amid U.S. Fed Rate Cut Prospect

U.S. Dollar Falls Amid U.S. Fed Rate Cut Prospect

The U.S. dollar weakened against other major currencies in the Asian session on Monday, amid prospects of the U.S. Fed cutting interest rates earlier as it is feared that the U.S. trade war may hurt global growth, worsen inflation and possibly spark recessions in some countries. Traders also picked up stocks at a bargain after the recent slump in the markets.
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Asian Shares Mostly Higher On Improved China Data

Asian Shares Mostly Higher On Improved China Data

Asian stocks advanced on Monday as new PMI data suggested China's manufacturing had a solid start to 2025 and European leaders pledged to assemble a "coalition of the willing" to develop a plan for ending Ukraine's war with Russia.
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European Economic News Preview: Eurozone Flash Inflation, Final Factory PMI Due

European Economic News Preview: Eurozone Flash Inflation, Final Factory PMI Due

Flash inflation and final factory Purchasing Managers' survey results from the Eurozone and mortgage approvals from the UK are the top economic news due on Monday. At 2.00 am ET, consumer and producer price figures are due from Turkey. Inflation is forecast to ease to 39.9 percent in February from 42.12 percent in January.
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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid prospects of the US Fed cutting interest rates earlier as it is feared that the U.S. trade war may hurt global growth, worsen inflation and possibly spark recessions in some countries. Traders also picked up stocks at a bargain after the recent slump in the markets.
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China Manufacturing Activity Growth Improves

China Manufacturing Activity Growth Improves

China's manufacturing activity logged a faster growth in February underpinned by rises in both output and new orders, survey data published by S&P Global showed on Monday. The Caixin manufacturing Purchasing Managers' Index rose to 50.8 from 50.1 in the previous month. The reading was seen at 50.4. The index has remained above the threshold 50.0 mark for the fifth straight month suggesting expan
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